1703, 1702 Ashland and Laurel Avenue, Saint Paul, MN 55104

$2,950,000
Property Type: Commercial Lot Size (sq. ft.): 7,841 Status: Active
Current Price: $2,950,000 List Date: 3/30/2026 Last Modified: 5/27/2026

Overview

Description

The Sale includes 2 identical 13-unit buildings, 1703 Ashland Ave and 1702 Laurel Ave in St. Paul. They are "back to back". Updated, charming apartments located a few blocks North of Summit Avenue. These apartment buildings are close to Macalester College, yet tucked into a neighborhood with limited traffic. The building has been updated with carpets, paint, and lighting, while maintaining the character and charm of this vintage building. The apartments feature tiled bathrooms, hardwood floors, and have a lot of character. The building has on-site laundry, large storage units, and an electronic buzzer entry system. - No Dogs - Non-smoking building - Assigned storage unit. - On-Site Laundry - $15 per month. - Heat, Water, Sewer, and Trash are included in the rent. - Resident pays for electricity and cooking gas. - $65 application fee per applicant (one time). - Liability to Landlord Insurance: $10.50 per month. An impeccable property that shows the care of long-time pride of ownership.

Listing Details MLS# 7045473

General Property Information

Lot Measurement
Acres
Management Company Name
Relay Properties
Multiple PIDs?
Yes
Other Parking Spaces
4
Owner Occupied
No
Year Built
1920
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Foundation Size
6000
Management Company Phone
651-515-1494
Power Company
Xcel Energy
For Sale or Lease
For Sale
Acres
0.18
Lot Dimensions
60x150
Assessment Pending
No
Garage Stalls
0

Property Features

Accessible: None Air Conditioning: Wall Unit(s) Amenities Unit: French Doors; Hardwood Floors; Natural Woodwork; Tile Floors Appliances: Range; Refrigerator Assumable Loan: Not Assumable Basement: Concrete Block; Storage Space; Storage/Locker CMU Style: Apartments/Multi Family Construction Materials: Block; Brick; Frame Construction Status: Previously Owned Current Use: Residential Existing Financing: Other Exterior: Brick Veneer; Stucco Fencing: None Flooring: Wood Foundation: Concrete Block Fuel: Natural Gas Heating: Boiler Internet Options: Cable; DSL Loan Terms: Cash; Conventional Location Description: Free Standing Lock Box Type: None Lot Description: Corner Lot Miscellaneous Information: Alley; Exterior Lighting On Site Utilities: Electric Separate; Heating Common; Hot Water Common Owner Pays: Common Area Maintenance; Electricity; Gas; Heat; Hot Water; Insurance; Lawn; Lawn; Maintenance/Repair; Management; Snow Removal; Taxes; Trash Collection; Water Parking Characteristics: Uncovered/Open Pool Description: None Potential Use: None Rent Rate per Foot: Per Month Rental License Type: Standard Road Frontage: City Street; Curbs Road Responsibility: Public Maintained Road Roof: Age Over 8 Years; Flat; Pitched Sewer: City Sewer/Connected Stories: Two Tenant Pays: Electricity Wall Description: Finished; Plaster Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
2950000
Owner is an Agent?
Yes
Auction?
No

Location Tax and Other Information

House Number
1703, 1702
Street Name
Ashland and Laurel
Street Suffix
Avenue
Postal City
Saint Paul
County
Ramsey
State
MN
Zip Code
55104
Complex/Dev/Subdivision
Schroeders Add To, The Circle

Additional Parcels Information

Property ID #2
042823130001

Assessments

Tax With Assessments
27970
Assessment Balance
0

More Information

Basement

Foundation Dimensions
45x125
Concrete Block
Yes
Storage Space
Yes
Storage/Locker
Yes

Building Information

Building Finished SqFt
18000
Building SqFt
14000
Ceiling Height
8-10

Income and Expenses

Annual Electric Expense
2200
Annual Fuel Expense
15000
Annual Gross Expenses
180600
Annual Gross Income
394500
Annual Insurance Expense
19500
Annual Maintenance Expense
29300
Annual Net Income
213900
Annual Repair Expense
12050
Annual Trash Expense
6000
Annual Water/Sewer Expense
11000
Total Annual Expenses
180600
Annual Caretaker Expense
0

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No
Alley
Yes
Exterior Lighting
Yes

Ownership

Fractional Ownership
No

Public Survey Info

Range#
23
Section#
04
Township#
28

Sale Options

Sale Includes
Building, Land

Unit 1

No. of 1 Bedroom Units
24

Unit 2

No. of 2 Bedroom Units
2

Unit Details

Total Units
26

Office/Member Info

Association
MAAR

Location, Tax and Other Information

Legal Description
SCHROEDERS ADDITION TO THE CI LOT 12 BLK 12
Listing City
Saint Paul
Map Page
107
Municipality
Saint Paul
School District
St. Paul
School District Phone
651-767-8100
Zip Plus 4
1418
Property ID Number
042823130012
Tax Year
2025
Tax Amount
27970
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
The Sale includes 2 identical 13-unit buildings, 1703 Ashland Ave and 1702 Laurel Ave in St. Paul. They are "back to back". Updated, charming apartments located a few blocks North of Summit Avenue. These apartment buildings are close to Macalester College, yet tucked into a neighborhood with limited traffic. The building has been updated with carpets, paint, and lighting, while maintaining the character and charm of this vintage building. The apartments feature tiled bathrooms, hardwood floors, and have a lot of character. The building has on-site laundry, large storage units, and an electronic buzzer entry system. - No Dogs - Non-smoking building - Assigned storage unit. - On-Site Laundry - $15 per month. - Heat, Water, Sewer, and Trash are included in the rent. - Resident pays for electricity and cooking gas. - $65 application fee per applicant (one time). - Liability to Landlord Insurance: $10.50 per month. An impeccable property that shows the care of long-time pride of ownership.
Directions
Summit to Aldine St, North to Ashland

Accessible

None
Yes

Air Conditioning

Wall Unit(s)
Yes

Amenities Unit

French Doors
Yes
Hardwood Floors
Yes
Natural Woodwork
Yes
Tile Floors
Yes

Appliances

Range
Yes
Refrigerator
Yes

Assumable Loan

Not Assumable
Yes

Construction Materials

Block
Yes
Brick
Yes
Frame
Yes

Construction Status

Previously Owned
Yes

Existing Financing

Other
Yes

Exterior

Brick Veneer
Yes
Stucco
Yes

Fencing

None
Yes

Flooring

Wood
Yes

Foundation

Concrete Block
Yes

Fuel

Natural Gas
Yes

Heating

Boiler
Yes

Internet Options

Cable
Yes
DSL
Yes

Lock Box Type

None
Yes

Lot Description

Corner Lot
Yes

Owner Pays

Common Area Maintenance
Yes
Electricity
Yes
Gas
Yes
Heat
Yes
Hot Water
Yes
Insurance
Yes
Lawn
Yes
Maintenance/Repair
Yes
Management
Yes
Snow Removal
Yes
Taxes
Yes
Trash Collection
Yes
Water
Yes

Parking Characteristics

Garage Dimensions
No
Uncovered/Open
Yes

Pool Description

None
Yes

Rental License Type

Standard
Yes

Road Frontage

City Street
Yes
Curbs
Yes

Road Responsibility

Public Maintained Road
Yes

Roof

Age Over 8 Years
Yes
Flat
Yes
Pitched
Yes

Sewer

City Sewer/Connected
Yes

Stories

Two
Yes

Wall Description

Finished
Yes
Plaster
Yes

Water

City Water/Connected
Yes

No. of Ranges

One Per Unit
Yes
Six or More
Yes

No. of Refrigerators

One Per Unit
Yes
Six or More
Yes

Tenant Pays

Electricity
Yes

On Site Utilities

Electric Separate
Yes
Heating Common
Yes
Hot Water Common
Yes

CMU Style

Apartments/Multi Family
Yes

Current Use

Residential
Yes

Loan Terms

Cash
Yes
Conventional
Yes

Location Description

Free Standing
Yes

Potential Use

None
Yes

Rent Rate per Foot

Per Month
Yes

Documents

IDX
Listing Office: First Select
Last Updated: May - 27 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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